54,302 Shares of Rivian Automotive, Inc. $RIVN Bought by VCI Wealth Management LLC

VCI Wealth Management LLC bought a new stake in Rivian Automotive, Inc. (NASDAQ:RIVN) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 54,302 shares of the electric vehicle automaker’s stock, valued at approximately $811,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Independent Financial Group LLC purchased a new position in shares of Rivian Automotive in the first quarter valued at approximately $985,000. Baird Financial Group Inc. grew its holdings in shares of Rivian Automotive by 163.9% in the second quarter. Baird Financial Group Inc. now owns 289,693 shares of the electric vehicle automaker’s stock valued at $5,026,000 after purchasing an additional 179,913 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Rivian Automotive by 34.9% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 348,800 shares of the electric vehicle automaker’s stock valued at $5,249,000 after purchasing an additional 90,200 shares in the last quarter. Mizuho Markets Americas LLC increased its stake in Rivian Automotive by 16.1% during the 1st quarter. Mizuho Markets Americas LLC now owns 683,024 shares of the electric vehicle automaker’s stock worth $10,280,000 after buying an additional 94,840 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Rivian Automotive during the 2nd quarter worth approximately $49,915,000. 66.25% of the stock is currently owned by hedge funds and other institutional investors.

Rivian Automotive Stock Performance

Shares of RIVN opened at $13.19 on Tuesday. Rivian Automotive, Inc. has a 1 year low of $11.38 and a 1 year high of $22.69. The stock has a market capitalization of $19.10 billion, a PE ratio of -5.86 and a beta of 1.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.65 and a current ratio of 2.10. The stock has a 50-day simple moving average of $14.45 and a 200-day simple moving average of $15.47.

Rivian Automotive (NASDAQ:RIVN) last released its earnings results on Thursday, October 29th. The electric vehicle automaker reported ($0.48) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.16. Rivian Automotive had a negative net margin of 54.96% and a negative return on equity of 73.90%. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the firm earned ($1.08) earnings per share. The business’s quarterly revenue was up 38.3% compared to the same quarter last year. On average, analysts predict that Rivian Automotive, Inc. will post -2.92 earnings per share for the current fiscal year.

Rivian Automotive News Roundup

Here are the key news stories impacting Rivian Automotive this week:

• Positive Sentiment: UBS upgraded Rivian to Buy from Hold and maintained a $17 price target. Analyst Joseph Spak described the recent selloff as a buying opportunity, citing improving R2 demand, an expected production ramp, stronger automotive gross margins and growing software revenue. UBS Upgrades Rivian, Sees 40% Upside After Recent Slide
• Positive Sentiment: The R2 SUV is increasingly viewed as a potential volume catalyst because its lower price could expand Rivian’s customer base beyond premium-EV buyers and Tesla switchers. Investors are also anticipating an inflection in vehicle production and margins as R2 output increases. Rivian Stock Can Rise More Than 30%
• Positive Sentiment: Rivian’s latest quarterly results provided additional support: revenue rose 38.3% year over year to $2.16 billion, while its adjusted loss of $0.48 per share was narrower than analysts expected. Management also highlighted R2 momentum, margin progress and longer-term autonomy opportunities. RIVN Q3 Deep Dive
• Neutral Sentiment: Jefferies upgraded Rivian, while Evercore ISI and Stifel reaffirmed Buy ratings, indicating continued support among several analysts. However, Cantor Fitzgerald and Needham reduced their price targets, reflecting differing views on valuation and execution risk.
• Negative Sentiment: Despite the earnings beat, Rivian remains unprofitable, with substantial expected full-year losses and continued dependence on successfully scaling R2 production. Bank of America’s Sell rating and concerns that earnings improvements may not yet resolve the company’s long-term cash-burn and execution challenges remain overhangs. Rivian Earnings Don’t Mask Stock Collapse

Analyst Ratings Changes

A number of research firms have issued reports on RIVN. BNP Paribas Exane increased their target price on shares of Rivian Automotive from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Royal Bank Of Canada raised their price target on shares of Rivian Automotive from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Jefferies Financial Group upgraded shares of Rivian Automotive from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Friday. Wells Fargo & Company upped their price objective on Rivian Automotive from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Finally, Stifel Nicolaus set a $22.00 price objective on Rivian Automotive in a research note on Monday, August 24th. Fifteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Rivian Automotive currently has an average rating of “Hold” and a consensus target price of $19.50.

Insider Buying and Selling

In other Rivian Automotive news, CFO Claire McDonough sold 13,144 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $14.50, for a total value of $190,588.00. Following the sale, the chief financial officer directly owned 827,201 shares of the company’s stock, valued at approximately $11,994,414.50. This represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michael John Callahan sold 15,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the sale, the insider directly owned 1,001,776 shares in the company, valued at approximately $15,026,640. This represents a 1.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 51,167 shares of company stock valued at $788,306 in the last quarter. 1.48% of the stock is owned by insiders.

Rivian Automotive Company Profile

Rivian Automotive, Inc is an electric vehicle manufacturer that designs, develops and produces all-electric trucks, sport utility vehicles and commercial delivery vans. The company focuses on vehicles intended for outdoor recreation, everyday transportation and fleet use, combining battery-electric powertrains with software and connected-vehicle technologies.

Rivian’s consumer vehicle lineup includes the R1T pickup truck and R1S sport utility vehicle. The company also develops electric commercial vans for business and delivery fleets, including vehicles produced through its relationship with Amazon.